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Motorsports (Appendix 6)

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Motorsports (Appendix 6) MOTORSPORTS {Appendix 6, to Sports Facility Reports, Volume 17} Research completed as of July 27, 2016 Facility Name: Atlanta Motor Speedway Location: Hampton, GA Facility Description: 1.54 mile quad-oval, .25 mile legends track, 1 mile road course, and a 2.5 mile road course Events: Great Clips 200 (NASCAR Camping World Truck Series); Folds of Honor Quiktrip 500 (NASCAR Sprint Cup); SCCA Autocross; BMW Club Autocross; Heads Up Georgia 250 (NASCAR Xfinity Series) Principal Owner: Speedway Motorsports, Inc. Date Built: 1960; Renovations in 2006 Facility Cost ($/Mil): $1.8; $23 in renovations Facility Financing: Privately financed by Dr. Warren Gremmel, Bill Boyd, Jack Black, Art Lester, and Garland Bagley. Facility Website @amsupdates UPDATE: The Speedway announced that the 2017 NASCAR Camping World Truck Series race will now be named the Active Pest Control 200. Also for the 2017 season, the NASCAR Xfinity Series event will be named the Atlanta 250. NAMING RIGHTS: Bruton Smith purchased Atlanta International Raceway in 1990, and he renamed the facility. Facility Name: Auto Club Speedway Location: Fontana, CA Facility Description: 2.0-mile D-shaped oval Events: Auto Club 400 (NASCAR Sprint Cup); TreatMyClot.com 300 by Janssen (NASCAR Xfinity Series) Principal Owner: International Speedway Corp. Date Built: 1997 Facility Cost ($/Mil): $100 © Copyright 2016, National Sports Law Institute of Marquette University Law School Page 1 Facility Financing: Privately funded through a joint venture by Penske Speedways, Inc. and Kaiser Ventures Inc. Facility Website @ACSupdates UPDATE: In March 2016, to mark the track’s 20th year, President David Allen, Roger Penske, and Wendy Sabins unveiled a new logo for the Speedway. Also, the Speedway announced a new title sponsorship with TreatMyClot.com to rename the NASCAR Xfinity Series Race, TreatMyClot.com 300. NAMING RIGHTS: The Auto Club of Southern California has a ten-year naming rights deal with California Speedway, which was signed in 2008. Terms of the deal were not disclosed, but industry sources estimate its worth at $50–75 million. Facility Name: Bristol Motor Speedway Location: Bristol, TN Facility Description: 0.533-mile concrete oval Events: Food City 500 and Bass Pro Shops NRA Night Race (NASCAR Sprint Cup); Food City 300 and Fitzgerald Glider Kits 300 (NASCAR Xfinity Series); UNOH 200 (NASCAR Camping World Truck Series); Bush’s Beans 150 (NASCAR Whelen Modified Tour); Thunder Valley Nationals (NHRA Mello Yello Drag Racing Series) Principal Owner: Speedway Motorsports, Inc. Date Built: 1961 Facility Cost: $600,000 Facility Financing: Privately financed by Carl Moore, Larry Carrier, and R.G. Pope. Facility Website @BMSupdates UPDATE: Bass Pro Shop and the NRA (National Rifle Association) announced in November 2015 they would be the new title sponsor of the Night Race, with no details about the agreement being released. In March 2016, Bristol announced that Fitzgerald would be the new title sponsor of the NASCAR Xfinity Series Dash 4 Cash race. In April 2016, Bristol unveiled a new colossal four-sided video screen to enhance the visual and audio experience at the track. NAMING RIGHTS: The track was renamed in 1996 after the track underwent renovation. Facility Name: Canadian Tire Motorsports Park Location: Bowmanville, Ontario, Canada Facility Description: 2.459-mile road course, 1.8-mile road course, and 1.37-mile road course, Events: Chevrolet Silverado 250 (NASCAR Camping World Truck Series); Mobil 1 SportsCar Grand Prix (United Sports Car Championship); Castrol Presents the Victories Day Speedfest (NASCAR Pinty’s Series) © Copyright 2016, National Sports Law Institute of Marquette University Law School Page 2 Principal Owner: Canadian Motorsports Ventures Ltd. headed by Ron Fellows and Carlos Fidani Date Built: 1961 Facility Cost ($/Mil): $.5 Facility Financing: N/A Facility Website @CTMPOfficial UPDATE: In November 2015, Canadian Tire announced it will host a NASCAR Camping World Truck Series event in September 2016, and agreed to host the event through the 2020 season. In December, Canadian Tire dropped out as the sponsor for the NASCAR Canada series and made a six-year deal with Pinty to be the sponsor for the series. NAMING RIGHTS: Mosport and Canadian Tire agreed to a naming rights deal in February 2012. Terms of the deal were not released. Facility Name: Charlotte Motor Speedway Location: Concord, NC Facility Description: 1.5-mile quad-oval; 2.25-mile road course Events: NC Education Lottery 200 (NASCAR Camping World Truck Series); Sprint All-Star Race, NASCAR Sprint Showdown, Coca-Cola 600, and Bank of America 500 (NASCAR Sprint Cup); Hisense 300 and Drive for the Cure 300 Presented by Blue Cross & Blue Shield of NCA (NASCAR Xfinity Series); UNOH Southern Slam; Whelen Southern Modified Tour Principal Owner: Speedway Motorsports, Inc. Date Built: 1960 Facility Cost ($/Mil): $1.25 Facility Financing: Privately financed by O. Bruton Smith. Facility Website @CLTMotorSpdwy UPDATE: In May 2016, Charlotte announced a new format to the NASCAR Sprint All-Star Race to include two 50-lap segments with mandatory green pit stops that will end with a 13-lap final segment. The slight twist will be at the end of the second segment where either the top 9, 10, or 11 cars will be mandated to enter the pit. Later in June 2016, Charlotte signed a three-year deal with AFT Events to show the AMA Pro Flat Track at The Dirt Track at Charlotte. The Speedway’s CEO, Marcus Smith, has commented that he has hopes to renovate and upgrade the track in the upcoming years after seeing the renovations happening at other tracks, but nothing official has been started. NAMING RIGHTS: After its contract with Lowe's Home Improvement expired, the speedway once again became Charlotte Motor Speedway. © Copyright 2016, National Sports Law Institute of Marquette University Law School Page 3 Facility Name: Chicagoland Speedway Location: Joliet, IL Facility Description: 1.5-mile tri-oval Events: American Ethanol E15 225 (NASCAR Camping World Truck Series); Teenage Mutant Ninja Turtles 400 (NASCAR Sprint Cup Series); NASCAR Xfinity Series September Chicagoland Race (NASCAR Xfinity Series); SCOTT 150 (ARCA Racing) Principal Owner: International Speedway Corp. Date Built: 2001 Facility Cost ($/Mil): $130 Facility Financing: N/A Facility Website @ChicagolndSpdwy Update: In April 2016, Nickelodeon announced it would be the title sponsor of the NASCAR Sprint Cup race at Chicagoland and named it the Teenage Mutant Ninja Turtle 400. Nickelodeon will be a sponsor through the 2017 season. In June 2016, Chicagoland and Papa John’s announced a three-year agreement for the pizza company to be the official pizza provider of the Speedway and Route 66 Raceway. NAMING RIGHTS: N/A Facility Name: Circuit Gilles Villeneuve Location: Montreal, Canada Facility Description: 2.709-mile road course Events: Grand Prix Du Canada (Formula One) Principal Owner: City of Montreal Date Built: 1978 Facility Cost ($/Mil): N/A Facility Financing: N/A Facility Website @GrandPrixF1Can UPDATE: As of June 2016, the upgrades to the track have yet to begin due to “slight” disagreements and clarifications. The city and Bernie Ecclestone, CEO of F1, agreed that the track must be completed by 2017 and if not, then the city is in breach of the contract. The City of Montreal pledged $32 million to the improvements in hopes to keep the race until 2024. NAMING RIGHTS: The stadium was named after the late Canadian driver, Gilles Villeneuve. © Copyright 2016, National Sports Law Institute of Marquette University Law School Page 4 Facility Name: Darlington Raceway Location: Darlington, SC Facility Description: 1.366-mile egg-shaped oval Events: Bojangles Southern 500 (NASCAR Sprint Series); VFW Sport Clips Help a Hero 200 (NASCAR Xfinity Series) Principal Owner: International Speedway Corp. Date Built: 1950 Facility Cost ($/Mil): N/A Facility Financing: Privately financed by Harold Brasington. Facility Website @TooToughToTame UPDATE: Kerry Tharp was named the new president of the Raceway in June 2016 replacing Chip Wile, who was president of the track for three years. Tharp was formerly the Senior Director of Communications for NASCAR. Based on the USAC Silver Crown Schedule and Darlington website, it appears it no longer hosts Silver Crown Showdown at Darlington. NAMING RIGHTS: N/A Facility Name: Daytona International Speedway Location: Daytona Beach, FL Facility Description: 2.5-mile tri-oval, 3.87-mile Sports Car Course, .4-mile short oval, .25-mile flat dirt track, 2.95-mile motorcycle course Events: Sprint Unlimited, Can-Am Duel at Daytona 1 & 2, Daytona 500, and Coke Zero 400 Powered by Coca-Cola (NASCAR Sprint Cup); Alert Today Florida 300 and NextEra and Subway Firecracker 250 (NASCAR Xfinity Series); Nextera Energy Resources 250 (NASCAR Camping World Truck Series) Principal Owner: International Speedway Corp. Date Built: 1959 Facility Cost ($/Mil): $3 Facility Financing: N/A Facility Website @DISupdates UPDATE: In September 2015, BRP announced it would be the title sponsor of the qualifying races for the Daytona 500 renaming the races the Can-Am Duel at Daytona. Later in May 2016, the Speedway won Sports Business Journal’s 2016 Sports Facility of the Year due to its completed $400 million redesign. The project began in July 2013 and was unveiled in February 2016 after some initial tests in January. The renovations included adding 101,000 seats, more restrooms, 60 new-and-improved luxury suites, revamped hospitality center, and more concession stands. Some upgrades that come with the project included repaving over 200,000 square feet and adding more SAFER barriers. NAMING RIGHTS: N/A © Copyright 2016, National Sports Law Institute of Marquette University Law School Page 5 Facility Name: Dover International Speedway Location: Dover, DE Facility Description: 1.0-mile oval Events: JACOB Companies 200 (NASCAR Camping World Truck Series); AAA 400 Drive for Autism and NASCAR Sprint Cup October Dover Race (NASCAR Sprint Cup); Ollie’s Bargain Outlet 200 (NASCAR Xfinity Series Dash 4 Cash) Principal Owner: Dover Motorsports, Inc.
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